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United Arab Emirates

Israel, USA, UAE to support 300 MW wind-solar-storage project in Gujarat

The United States and Israel have the opportunity to provide clean energy solutions for the 300 MW wind-solar project complemented by a battery energy storage system. United Arab Emirates-based companies will explore participation as knowledge and investment partner.

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BlackRock, Mubadala to invest in Tata Power Renewables

Tata Power has raised INR 4,000 crore (US$ 525 million) from a consortium led by the world’s largest fund manager BlackRock Real Assets and Abu Dhabi sovereign wealth fund Mubadala Investment Company to fund the growth of its renewable energy business.

Abu Dhabi’s International Holding Company to invest US$ 2 billion in Adani Group’s green portfolio

Abu Dhabi-based International Holding Company (IHC) has signed the agreement to invest US$ 500 million in Adani Green Energy Ltd, US$ 500 million in Adani Transmission Ltd, and US$ 1 billion in Adani Enterprises Ltd.

Larsen & Toubro secures transmission line, substation orders

The Indian multinational EPC contractor has been awarded significant power transmission and distribution contracts in Ladakh and Ayodhya, in addition to overseas projects in Saudi Arabia, Africa and Thailand.

IEEFA: Why India can’t match the Gulf region’s record-low solar tariffs

India’s solar tariffs—whilst some of the lowest in the world—are almost double the Gulf region’s US¢1.35-1.80/kWh.

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The long read: The untapped potential of the MENA region

The region’s climate, developing economies and demographic growth are driving increased electricity demand in the Middle East and North Africa. However, as a hub of conventional energy supply, the region has been slow to embrace PV. To capture more of the value chain and deliver the full potential of solar, there are increasing calls for distributed generation deployment to play a bigger role.

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Abu Dhabi’s Masdar in race to buy Hero Future stake

Abu Dhabi based Masdar Clean Energy is in talks to acquire a 30-35% stake in Hero Future Energies. With the stake sale, the renewable energy arm of Hero Group expects to raise $300-350 million for its expansion into global markets, according to reports.

UAE minister and OPEC chief says IRENA’s solar forecasts for Gulf nations will prove conservative

With the International Renewable Energy Agency’s number-crunchers predicting almost 5.4 GW of new solar across the six Gulf Cooperation Council nations today, Suhail Mohammed Faraj Al Mazroui said his nation alone would install 6-7 GW of new renewables capacity by 2024, as pv magazine editor-in-chief Jonathan Gifford reports.

Mauritius installs the first wave of 10,000 solar rooftops

The Indian Ocean state has received $10m in concessional loan funding from the development agency of Abu Dhabi, in a program co-financed by the International Renewable Energy Agency.

WFES: ISA signs letters of intent for $5bn financing, MNRE announces $350 million for solar

This week’s World Future Energy Summit (WFES) saw a letter of intent inked at the International Solar Alliance’s (ISA’s) pavilion to secure financing of up to US$5 billion with India’s YES Bank by 2030. MNRE head, R.K. Singh also announced a $350 million solar development fund by the Indian Government for solar projects.

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